IMD, a well-known business school in Lausanne, Switzerland, has raised Japan three places in its ranking of international competitiveness as a result of Prime Minister Shinzo Abe’s expansionary economic policies
In IMD’s 2013 World Competitiveness Yearbook released Thursday, Japan climbed to 24th place, up from 27th in 2012.
“Abenomics” is a combination of monetary easing, fiscal spending and longer term economic reforms aimed at revitalize the economy. IMD said Abenomics seems to be making the Japanese economy more dynamic. >> Read More